Business, international

Despite the international financial market crisis, U.S. stock indexes have not dropped as much as indexes in Asian and European countries. Article discusses the effects of the devalued dollar on American corporate profit and losses, the Federal Reserve Board's measures to counterbalance a weakening economy, and prospects for the recovery of stock markets in the U.S. and abroad.

Because of a faltering U.S. economy and troubled capital markets, the U.S. dollar reaches unprecedented lows against the euro, Swiss franc, and the yen. Article discusses the effects of the depreciated dollar on the European and Japanese economies.

As peace holds in Sri Lanka, foreign investment is climbing

Article Abstract:

Foreign investment in Sri Lanka is expected to increase 24% in 2003 as confidence grows in the belief that the country will not revert back to violence. Foreign investment is expected to reach about $300 million (257.6 million euros) in 2003.